Bloomberg Says XRP is Taking Center Stage. Here’s why

Riz XRP (@RizXRP), a well-known advocate for XRP, recently shared a Bloomberg video, stating that the asset is taking center stage. The video highlighted the sharp rise in the asset’s value and the renewed attention it has received from investors and institutions. It also drew attention to XRP’s dramatic surge in November 2024, gaining over 400% within three weeks. According to Bloomberg, the rally was primarily driven by growing optimism that the U.S. Securities and Exchange Commission (SEC) would soon reach a favorable conclusion in the Ripple lawsuit. The surge began shortly after the former SEC Chair, Gary Gensler, announced his resignation date , coupled with the excitement for a new pro-crypto SEC Chair. Is #XRP about to take center stage? Bloomberg. pic.twitter.com/Y3OTiB9pPY — RIZ.. (@RizXRP) May 23, 2025 The regulatory uncertainty surrounding XRP has been a central issue for years, but it is near its end. Ripple and the SEC have reached a settlement agreement and are working to make it official with the court. Bloomberg noted that XRP has “remained consistent” in its strength following the November breakout, which has helped push the coin into broader focus among cryptocurrency participants. Institutional Momentum and Market Expansion The video also shows several structural factors behind the increasing demand for XRP. One key advantage is its rapid settlement capability, offering average transaction times between three and five seconds, while some other networks might take hours . This speed is particularly appealing in the realm of cross-border payments, where efficiency and scalability are valued by financial institutions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Another factor driving attention is speculation about imminent spot XRP exchange-traded funds (ETFs). If approved, such a fund would expand access to XRP for institutional and retail investors, potentially enhancing its adoption rate. Multiple spot ETF applications are awaiting approval from the SEC, and the increased visibility and legitimacy that an ETF would provide are seen as important milestones for any digital asset. More Positive XRP-Related Developments The video also highlighted the launch of XRP futures on the Chicago Mercantile Exchange (CME), which adds further credibility to the asset. Futures products are generally associated with more mature markets. They give investors a means of hedging against volatility. Finally, Bloomberg highlighted on-chain metrics that show growing interest in the asset. The number of active addresses holding the coin has expanded significantly. Currently, over 300,000 addresses each hold at least 10,000 XRP. This trend suggests increasing long-term conviction among participants, including whales who typically play a larger role in shaping market behavior. Combining regulatory clarity, infrastructure growth, and rising on-chain activity has positioned XRP for greater attention from crypto enthusiasts and institutional investors. More News; Egrag Crypto Shares His XRP Ultimate Targets and Selling Strategy Dogecoin Price Projection: DOGE Price Could Drop 59% From Here Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bloomberg Says XRP is Taking Center Stage. Here’s why appeared first on Times Tabloid .

Source: TimesTabloid